CORNERSTONE STRATEGIC VALUE FUND, INC.

SCHEDULE OF INVESTMENTS - MARCH 31, 2020 (Unaudited)

Description	No. of Shares		Value
EQUITY SECURITIES - 95.51%
CLOSED-END FUNDS - 5.64%
CORE - 2.62%
Adams Diversified Equity Fund, Inc.		455,966	$	5,740,624
General American Investors Company, Inc.		288,580		7,915,757
Royce Micro-Cap Trust, Inc.		132,910		738,980
Source Capital, Inc.		67,964		2,085,815
				16,481,176
DEVELOPED MARKET - 0.29%
Aberdeen Japan Equity Fund, Inc.		18,871		117,944
European Equity Fund, Inc. (The)		2,245		15,872
Japan Smaller Capitalization Fund, Inc.		116,001		817,806
New Germany Fund, Inc. (The)		42,203		489,977
New Ireland Fund, Inc. (The) *		42,429		261,787
Swiss Helvetia Fund, Inc. (The)		20,167		140,161
				1,843,547
EMERGING MARKETS - 0.61%
Aberdeen Emerging Markets Equity Income Fund, Inc.		52,534		272,126
Central and Eastern Europe Fund, Inc. (The)		58,622		1,028,247
Korea Fund, Inc. (The)		19,956		446,216
Morgan Stanley India Investment Fund, Inc. *		129,133		1,654,194
Templeton Emerging Markets Fund		39,110		436,077
				3,836,860
ENERGY MLP FUNDS - 0.49%
ClearBridge MLP and Midstream Fund Inc.		193,420		353,959
ClearBridge MLP and Midstream Total Return Fund Inc.		19,616		27,070
Kayne Anderson MLP/Midstream Investment Company		546,700		1,984,520
Neuberger Berman MLP and Energy Income Fund Inc.		159,900		302,211
Salient Midstream & MLP Fund		121,170		421,672
				3,089,432
GLOBAL - 0.16%
Aberdeen Global Dynamic Dividend Fund		2,697		19,796
Clough Global Opportunities Fund		64,303		461,052
Delaware Enhanced Global Dividend and Income Fund		20,400		151,980
Gabelli Global Small and Mid Cap Value Trust (The)		3,351		24,362

See accompanying notes to schedules of investments.

CORNERSTONE STRATEGIC VALUE FUND, INC.

SCHEDULE OF INVESTMENTS - MARCH 31, 2020 (Unaudited)(Continued)

Description	No. of Shares		Value
GLOBAL - 0.16% (Continued)
GDL Fund (The)		47,676	$	373,780
				1,030,970
INCOME & PREFERRED STOCK - 0.02%
LMP Capital and Income Fund Inc.		15,100		121,706
NATURAL RESOURCES - 0.40%
Adams Natural Resources Fund, Inc.		54,600		452,634
BlackRock Resources & Commodities Strategy Trust		411,579		2,074,358
				2,526,992
OPTION ARBITRAGE/OPTIONS STRATEGIES - 0.00% #
Voya International High Dividend Equity Income Fund		2,601		9,962
REAL ESTATE - 0.58%
CBRE Clarion Global Real Estate Income Fund		192,955		1,011,084
Cohen & Steers Quality Income Realty Fund, Inc.		227,200		2,053,898
Cohen & Steers REIT and Preferred Income Fund, Inc.		37,200		599,664
				3,664,646
SECTOR EQUITY - 0.45%
Gabelli Healthcare & WellnessRx Trust (The)		89,236		772,784
GAMCO Global Gold, Natural Resources & Income Trust		31,340		85,245
Nuveen Real Asset Income and Growth Fund		12,800		126,336
Tekla Healthcare Investors		102,349		1,822,835
				2,807,200
UTILITY - 0.02%
Macquarie Global Infrastructure Total Return Fund Inc.		8,900		137,861
TOTAL CLOSED-END FUNDS				35,550,352
COMMUNICATION SERVICES - 10.27%
Alphabet Inc. - Class C *		26,405		30,703,998
AT&T Inc.		135,900		3,961,485
Charter Communications, Inc. - Class A *		12,000		5,235,720
Comcast Corporation - Class A		280,000		9,626,400
Verizon Communications Inc.		185,000		9,940,050

See accompanying notes to schedules of investments.

CORNERSTONE STRATEGIC VALUE FUND, INC.

SCHEDULE OF INVESTMENTS - MARCH 31, 2020 (Unaudited)(Continued)

Description	No. of Shares		Value
COMMUNICATION SERVICES - 10.28% (Continued)
Walt Disney Company (The)		55,000	$	5,313,000
				64,780,653
CONSUMER DISCRETIONARY - 9.31%
Amazon.com, Inc. *		11,500		22,421,780
AutoZone, Inc. *		1,200		1,015,200
Dollar General Corporation		14,000		2,114,140
Hilton Worldwide Holdings Inc.		13,000		887,120
Home Depot, Inc. (The)		51,000		9,522,210
Lowe's Companies, Inc.		20,000		1,721,000
McDonald's Corporation		9,000		1,488,150
NIKE, Inc. - Class B		79,000		6,536,460
O'Reilly Automotive, Inc. *		4,000		1,204,200
Ross Stores, Inc.		24,000		2,087,280
Starbucks Corporation		69,000		4,536,060
Target Corporation		25,000		2,324,250
TJX Companies, Inc. (The)		60,000		2,868,600
				58,726,450
CONSUMER STAPLES - 7.11%
Coca-Cola Company (The)		216,000		9,558,000
Costco Wholesale Corporation		25,500		7,270,815
Estée Lauder Companies, Inc. (The) - Class A		19,000		3,027,460
Kimberly-Clark Corporation		17,000		2,173,790
Procter & Gamble Company (The)		130,000		14,300,000
Walmart Inc.		75,000		8,521,500
				44,851,565
ENERGY - 0.88%
Chevron Corporation		50,000		3,623,000
Kinder Morgan, Inc.		85,500		1,190,160
Marathon Petroleum Corporation		30,000		708,600
				5,521,760
EXCHANGE-TRADED FUNDS - 4.09%
iShares Core S&P 500 ETF		10,000		2,584,000
SPDR S&P 500 ETF Trust		90,000		23,197,500
				25,781,500
FINANCIALS - 9.07%
Aflac Incorporated		18,000		616,320

See accompanying notes to schedules of investments.

CORNERSTONE STRATEGIC VALUE FUND, INC.

SCHEDULE OF INVESTMENTS - MARCH 31, 2020 (Unaudited)(Continued)

Description	No. of Shares		Value
FINANCIALS - 9.07% (Continued)
Allstate Corporation (The)		15,000	$	1,375,950
American Express Company		32,000		2,739,520
Aon plc		12,000		1,980,480
Bank of America Corporation		253,300		5,377,559
Berkshire Hathaway Inc. - Class B *		80,000		14,626,400
BlackRock, Inc.		7,000		3,079,790
Chubb Limited		10,000		1,116,900
Citigroup Inc.		107,000		4,506,840
Intercontinental Exchange, Inc.		27,000		2,180,250
JPMorgan Chase & Co.		83,000		7,472,490
Moody's Corporation		9,000		1,903,500
Progressive Corporation (The)		15,000		1,107,600
S&P Global Inc.		12,000		2,940,600
T. Rowe Price Group, Inc.		11,000		1,074,150
Truist Financial Corporation		76,965		2,373,601
U.S. Bancorp		39,000		1,343,550
Willis Towers Watson Public Limited Company		8,000		1,358,800
				57,174,300
HEALTH CARE - 13.07%
Abbott Laboratories		107,000		8,443,370
Cigna Corporation		9,354		1,657,342
Edwards Lifesciences Corporation *		11,000		2,074,820
Eli Lilly and Company		25,000		3,468,000
Gilead Sciences, Inc.		44,000		3,289,440
Humana Inc.		8,000		2,512,160
IQVIA Holdings Inc. *		10,000		1,078,600
Johnson & Johnson		105,700		13,860,441
Medtronic Public Limited Company		75,000		6,763,500
Merck & Co., Inc.		145,000		11,156,300
Pfizer Inc.		150,000		4,896,000
Stryker Corporation		19,000		3,163,310
Thermo Fisher Scientific Inc.		14,000		3,970,400
UnitedHealth Group Incorporated		37,000		9,227,060
Vertex Pharmaceuticals Incorporated *		13,000		3,093,350
Zimmer Biomet Holdings, Inc.		9,000		909,720

See accompanying notes to schedules of investments.

CORNERSTONE STRATEGIC VALUE FUND, INC.

SCHEDULE OF INVESTMENTS - MARCH 31, 2020 (Unaudited)(Continued)

Description	No. of Shares		Value
HEALTH CARE - 13.07% (Continued)
Zoetis, Inc.		24,000	$	2,824,560
				82,388,373
INDUSTRIALS - 7.12%
Cintas Corporation		8,000		1,385,760
CSX Corporation		54,000		3,094,200
Cummins Inc.		9,000		1,217,880
Deere & Company		21,000		2,901,360
Delta Air Lines, Inc.		41,000		1,169,730
Emerson Electric Co.		28,000		1,334,200
Fortive Corporation		15,000		827,850
General Dynamics Corporation		16,000		2,116,960
Honeywell International Inc.		24,000		3,210,960
IHS Markit Ltd.		20,000		1,200,000
Ingersoll Rand Inc. *		11,471		284,481
Lockheed Martin Corporation		18,000		6,101,100
Norfolk Southern Corporation		19,000		2,774,000
Northrop Grumman Corporation		4,000		1,210,200
Republic Services, Inc.		19,000		1,426,140
Roper Technologies, Inc.		6,000		1,870,860
Trane Technologies plc		13,000		1,073,670
TransDigm Group Incorporated		2,500		800,475
Union Pacific Corporation		29,000		4,090,160
United Parcel Service, Inc. - Class B		49,000		4,577,580
Waste Management, Inc.		24,000		2,221,440
				44,889,006
INFORMATION TECHNOLOGY - 22.04%
Accenture plc - Class A		34,000		5,550,840
Adobe Inc. *		22,000		7,001,280
Apple Inc.		122,000		31,023,380
Automatic Data Processing, Inc.		24,000		3,280,320
Fiserv, Inc. *		32,000		3,039,680
FleetCor Technologies, Inc. *		2,000		373,080
Intel Corporation		96,000		5,195,520
Intuit Inc.		12,000		2,760,000
Mastercard Incorporated - Class A		60,000		14,493,600
Microsoft Corporation		331,000		52,202,009

See accompanying notes to schedules of investments.

CORNERSTONE STRATEGIC VALUE FUND, INC.

SCHEDULE OF INVESTMENTS - MARCH 31, 2020 (Unaudited)(Continued)

Description	No. of Shares		Value
INFORMATION TECHNOLOGY - 22.04% (Continued)
Motorola Solutions, Inc.		8,000	$	1,063,360
Paychex, Inc.		20,000		1,258,400
Texas Instruments Incorporated		24,000		2,398,320
VeriSign, Inc. *		7,000		1,260,630
Visa, Inc. - Class A		50,000		8,056,000
				138,956,419
MATERIALS - 1.82%
Air Products and Chemicals, Inc.		7,000		1,397,270
Corteva, Inc.		20,431		480,129
Dow Inc.		20,431		597,402
DuPont de Nemours, Inc.		20,431		696,697
Ecolab Inc.		17,000		2,649,110
Linde plc		7,000		1,211,000
Newmont Corporation		37,000		1,675,360
PPG Industries, Inc.		11,000		919,600
Sherwin-Williams Company (The)		4,000		1,838,080
				11,464,648
REAL ESTATE - 2.05%
American Tower Corporation		23,000		5,008,250
Crown Castle International Corp.		23,000		3,321,200
Equinix, Inc.		4,000		2,498,280
Equity Residential		12,000		740,520
SBA Communications Corporation		5,000		1,349,849
				12,918,099
UTILITIES - 3.04%
American Electric Power Company, Inc.		28,000		2,239,440
Dominion Energy, Inc.		38,000		2,743,220
Duke Energy Corporation		34,000		2,749,920
Eversource Energy		14,000		1,094,940
Exelon Corporation		60,000		2,208,600
NextEra Energy, Inc.		22,000		5,293,640
Public Service Enterprise Group Incorporated		25,000		1,122,750

See accompanying notes to schedules of investments.

CORNERSTONE STRATEGIC VALUE FUND, INC.

SCHEDULE OF INVESTMENTS - MARCH 31, 2020 (Unaudited)(Concluded)

Description	No. of Shares		Value
UTILITIES - 3.04% (Continued)
Sempra Energy		15,000	$	1,694,850
				19,147,360
TOTAL EQUITY SECURITIES (cost - $585,725,968)				602,150,485
SHORT-TERM INVESTMENT - 2.90%
MONEY MARKET FUND - 2.90%
Fidelity Institutional Money Market Government Portfolio - Class I, 0.30% ^ (cost - $18,256,840)		18,256,840		18,256,840
TOTAL INVESTMENTS - 98.41% (cost - $603,982,808)				620,407,325
OTHER ASSETS IN EXCESS OF LIABILITIES - 1.59%				10,022,460
NET ASSETS - 100.00%			$	630,429,785

*	Non-income producing security.
#	Percentage rounds to less than 0.01%.
^	The rate shown is the 7-day effective yield as of March 31, 2020.

See accompanying notes to schedules of investments.

CORNERSTONE STRATEGIC VALUE FUND, INC.

NOTES TO SCHEDULE OF INVESTMENTS

March 31, 2020 (Unaudited)

Federal Income Tax Cost: The following information is computed on a tax basis for each item as of March 31, 2020:

Cost of portfolio investments	$	608,944,199
Gross unrealized appreciation	$	66,038,429
Gross unrealized depreciation		(54,575,303	)
Net unrealized appreciation	$	11,463,126

The difference between the federal income tax cost of portfolio investments and the Schedule of Investments cost for Cornerstone Strategic Value Fund, Inc. (the “Fund”) is due to certain timing differences in the recognition of capital gains or losses under income tax regulations and generally accepted accounting principles. These "book/tax" differences are temporary in nature and are due to the tax deferral of losses on wash sales.

As required by the Fair Value Measurement and Disclosures Topic of the Financial Accounting Standards Board ("FASB") Accounting Standards Codification, the Fund has performed an analysis of all assets and liabilities measured at fair value to determine the significance and character of all inputs to their fair value determination.

The fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value into the following three broad categories:

•      Level 1 - quoted unadjusted prices for identical instruments in active markets to which the Fund has access at the date of measurement.

•      Level 2 - quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets. Level 2 inputs are those in markets for which there are few transactions, the prices are not current, little public information exists or instances where prices vary substantially over time or among brokered market makers.

•      Level 3 - model derived valuations in which one or more significant inputs or significant value drivers are unobservable. Unobservable inputs are those inputs that reflect the Fund's own assumptions that market participants would use to price the asset or liability based on the best available information.

The following is a summary of the inputs used as of March 31, 2020 in valuing the Fund's investments carried at value:

VALUTION INPUTS	INVESTMENTS IN SECURITIES		OTHER FINANCIAL INSTRUMENTS*
Level 1 - Quoted Prices
Equity Securities	$	602,150,485	$	-
Short-Term Investment		18,256,840		-
Level 2 - Other Significant Observable Inputs		-		-
Level 3 - Significant Unobservable Inputs		-		-
Total	$	620,407,325	$	-

* Other financial instruments include futures, forwards and swap contracts, if any.

CORNERSTONE STRATEGIC VALUE FUND, INC.

NOTES TO SCHEDULE OF INVESTMENTS (Continued)

The breakdown of the Fund’s investments into major categories is disclosed in its Schedule of Investments.

The Fund did not have any assets or liabilities that were measured at fair value on a recurring basis using significant unobservable inputs (Level 3) at March 31, 2020.

The Fund is exposed to financial market risks, including the valuations of its investment portfolio. During the period ended March 31, 2020, the Fund did not engage in derivative instruments and other hedging activities.

The Fund has evaluated the need for additional disclosures and/or adjustments resulting through the date its financial statements were issued. Based on this evaluation, no additional disclosures or adjustments were required to such Schedule of Investments.

Securities valuation policies and other investment related disclosures are hereby incorporated by reference to the Fund's annual report previously filed with the Securities and Exchange Commission on the Form N-CSR on February 28, 2020 with a file number 811-05150.

Other information regarding the Fund is available in the Fund’s most recent annual report. This information is also available on the Fund’s website at www.cornerstonestrategicvaluefund.com; or on the website of the Securities and Exchange Commission at www.sec.gov.